Lo Kheng Hong Increases Stake in GJTL as Shares Rise 12.74%

The share price of PT Gajah Tunggal Tbk (GJTL) has continued to rise throughout 2026. Amid this strengthening, investor Lo Kheng Hong has once again increased his shareholding in the tyre producer. On trading Wednesday (7/5/2026), GJTL shares closed at 1,195, up 15 points or 1.27% from the previous day. Since the beginning of the year, the GJTL share price has risen 135 points, or around 12.74%. At the end of March 2026, Lo was recorded as holding 218,032,800 shares, equivalent to 6.257% ownership in GJTL. This figure increased by 8,134,300 shares from the previous period. His ownership increased again at the end of April 2026. Lo bought an additional 14,760,100 shares, bringing his total ownership to 232,792,900 shares. With this addition, his portion rose to 6.68%. This share buying action demonstrates Lo’s confidence in GJTL’s long-term business prospects. The move also strengthens his position as one of the main public shareholders in the company. The company holds 1.72 billion shares or around 49.5% ownership. Meanwhile, Compagnie Financiere is recorded as holding 348.48 million shares, equivalent to 10%. In line with Lo Kheng Hong’s accumulation actions, the public non-free float ownership portion fell from 33.77% in March 2026 to 33.347% in April 2026. Lo’s consistent share purchases have often attracted the attention of market players. The investor, known for his value investing approach, generally selects shares with cheap valuations and long-term business prospects that are still considered attractive.